13F-HR/A 1 oha2q07a.txt FORM 13F HOLDINGS REPORT AMENDMENT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2007 Check here if Amendment [ X]; Amendment Number: 1 This Amendment (Check only one.): [ X] is a restatement. [ X] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Oak Hill Advisors, L.P. Address: 65 East 55th Street 32nd Floor New York, NY 10022 13F File Number: 28-12211 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Gregory S. Rubin Title: Asst. General Counsel and Chief Compliance Officer Phone: 212-326-1578 Signature, Place, and Date of Signing: /s/ Gregory S. Rubin New York, NY/USA November 14, 2007 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form13F Information Table Entry Total: 23 Form13F Information Table Value Total: $116,509 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. NONE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ALLTEL CORP COM 020039103 6080 90000 SH SOLE 90000 0 0 AT&T INC COM 00206R102 1879 45275 SH SOLE 45275 0 0 CABLEVISION SYS CORP CL A NY CABLVS 12686C109 10857 300000 SH SOLE 300000 0 0 CBS CORP NEW CL B 124857202 3328 99876 SH SOLE 99876 0 0 CELANESE CORP DEL COM SER A 150870103 3878 100000 SH SOLE 100000 0 0 COMCAST CORP NEW CL A 20030N101 30 1082 SH SOLE 1082 0 0 CSX CORP COM 126408103 510 11319 SH SOLE 11319 0 0 DARDEN RESTAURANTS INC COM 237194105 821 18658 SH SOLE 18658 0 0 EXCO RESOURCES INC COM 269279402 1308 75000 SH SOLE 75000 0 0 FIRST DATA CORP COM 319963104 2450 75000 SH SOLE 75000 0 0 LEVEL 3 COMMUNICATIONS INC COM 52729N100 8775 1500000 SH SOLE 1500000 0 0 MOTOROLA INC COM 620076109 1770 100000 SH SOLE 100000 0 0 NORFOLK SOUTHERN CORP COM 655844108 476 9056 SH SOLE 9056 0 0 R H DONNELLEY CORP COM NEW 74955W307 17051 225000 SH SOLE 225000 0 0 REVLON INC CL A 761525500 1028 750000 SH SOLE 750000 0 0 RSC HOLDINGS INC COM 74972L102 34755 1737765 SH OTHER 0 1747765 0 SCOTTISH RE GROUP LIMITED SHS G73537410 9463 1935200 SH OTHER 0 1935200 0 SPDR TR UNIT SER 1 78462F103 3952 22500 SH PUT SOLE 22500 0 0 SPDR TR UNIT SER 1 78462F103 1405 7500 SH PUT SOLE 7500 0 0 STMICROELECTRONICS N V NY REGISTRY 861012102 364 18960 SH SOLE 18960 0 0 TRW AUTOMOTIVE HLDGS CORP COM 87264S106 1842 50000 SH SOLE 50000 0 0 VERIZON COMMUNICATIONS COM 92343V104 3514 85350 SH SOLE 85350 0 0 WILLIAMS COS INC DEL COM 969457100 973 30771 SH SOLE 30771 0 0